Revenue
5.7% of Montenegro's revenue
5,552 companies earned 1.00b€ in 2025, 5.7% of all company revenue in Montenegro. It ranks 3 of 25 municipalities by revenue. Revenue has grown 2.6× since 2015.
5.7% of Montenegro's revenue
202.3 per 1,000 residents · Montenegro 57.3
Largest employer: Budvanska Rivijera (600)
Total profit: 26.90m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 383,810,343€ | 1,542 |
| 2016 | 444,494,047€ | 1,746 |
| 2017 | 472,980,155€ | 1,980 |
| 2018 | 530,680,779€ | 2,746 |
| 2019 | 560,118,454€ | 3,195 |
| 2020 | 330,171,815€ | 3,435 |
| 2021 | 522,432,693€ | 3,741 |
| 2022 | 708,025,501€ | 4,710 |
| 2023 | 892,278,713€ | 5,695 |
| 2024 | 962,555,670€ | 6,029 |
| 2025 (Preliminary) | 1,004,597,030€ | 5,552 |
The number of companies jumped most in 2022: from 3,741 to 4,710.
Companies are assigned to the municipality of their current seat for every year
Growth is measured on the same companies, which filed for both years.
Share of municipal revenue
Share in MontenegroRevenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 386
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Javno Preduzeće za Upravljanje Morskim Dobrom Crne Gore02116146 · Real estate | 2.7% | 26,684,913€ | No filing for 2024. | 3,706,858€ | 13.9% | 240 | 1,943€ |
| 2 | Stratex Management02978229 · Real estate | 0.3% | 3,250,538€ | +5.5% | 259,717€ | 8.0% | 80 | 1,834€ |
| 3 | V&V Investment Group02005344 · Real estate | 0.2% | 2,082,312€ | +188.1% | 620,591€ | 29.8% | 6 | 3,782€ |
| 4 | Montenegro-Express Group02029707 · Real estate | 0.1% | 1,448,758€ | +282.9% | 96,416€ | 6.7% | 4 | 3,185€ |
| 5 | CMM02742187 · Real estate | 0.1% | 1,431,014€ | -7.8% | 53,476€ | 3.7% | 42 | 1,259€ |
| 6 | Buil'd02850087 · Real estate | 0.1% | 1,427,041€ | -10.7% | 234,122€ | 16.4% | 7 | 900€ |
| 7 | Lazy03315533 · Real estate | 0.1% | 1,223,422€ | -13.4% | 104,762€ | 8.6% | 20 | 1,449€ |
| 8 | Montesun Group03255077 · Real estate | <0.1% | 697,035€ | +77.6% | 104,731€ | 15.0% | 10 | 776€ |
| 9 | SKY Line Resort03529797 · Real estate | <0.1% | 677,735€ | +27.7% | 39,703€ | 5.9% | 6 | 991€ |
| 10 | Meer03375129 · Real estate | <0.1% | 620,034€ | -21.4% | -30,373€ | -4.9% | 1 | 809€ |
| 11 | Akademija Znanja02764121 · Real estate | <0.1% | 583,347€ | +68.1% | 75,353€ | 12.9% | 18 | 1,192€ |
| 12 | Mega Shopping Mall03647161 · Real estate | <0.1% | 541,827€ | +1,147.7% | -33,979€ | -6.3% | 4 | 1,527€ |
| 13 | Mont Lux Real Estate03191966 · Real estate | <0.1% | 505,230€ | +9.3% | 433,785€ | 85.9% | 1 | — |
| 14 | Montenegro Land Office03246043 · Real estate | <0.1% | 456,808€ | +878,376.9% | 220,682€ | 48.3% | 2 | 2,357€ |
| 15 | Casa Al Mare03185109 · Real estate | <0.1% | 433,126€ | -34.7% | 1,621€ | 0.4% | 4 | 1,154€ |
| 16 | Artista03634213 · Real estate | <0.1% | 357,776€ | -18.1% | 2,971€ | 0.8% | 11 | 954€ |
| 17 | Lemark03697690 · Real estate | <0.1% | 351,980€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -28,724€ | -8.2% | 1 | 680€ |
| 18 | Old Town Invest Group02638533 · Real estate | <0.1% | 338,843€ | +191.4% | 45,009€ | 13.3% | 2 | 666€ |
| 19 | B&B Solution03295940 · Real estate | <0.1% | 311,789€ | +29.1% | 20,712€ | 6.6% | 16 | 1,009€ |
| 20 | Atrium Management02953021 · Real estate | <0.1% | 300,569€ | +109.1% | 243,504€ | 81.0% | 1 | 804€ |
| 21 | Sb.Immo03727521 · Real estate | <0.1% | 295,191€ | No filing for 2024. | 196,675€ | 66.6% | 0 | — |
| 22 | Status-M03070719 · Real estate | <0.1% | 258,605€ | +16.8% | 19,803€ | 7.7% | 5 | 1,149€ |
| 23 | Adriatic Dream Estate03659771 · Real estate | <0.1% | 248,373€ | +14.8% | -23,719€ | -9.5% | 4 | 1,047€ |
| 24 | Mykonut03166287 · Real estate | <0.1% | 243,637€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 98,290€ | 40.3% | 4 | 945€ |
| 25 | Larakash Stroy03413918 · Real estate | <0.1% | 232,764€ | -78.5% | 1,840€ | 0.8% | 1 | 795€ |
| 26 | Senergy03373797 · Real estate | <0.1% | 192,153€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 68,845€ | 35.8% | 1 | 678€ |
| 27 | Copy Net02697416 · Real estate | <0.1% | 186,566€ | +3.3% | 1,796€ | 1.0% | 13 | 732€ |
| 28 | New International Investment Project Limited Montenegro03276139 · Real estate | <0.1% | 185,163€ | +3.2% | 41,399€ | 22.4% | 1 | 338€ |
| 29 | Hijos03701808 · Real estate | <0.1% | 171,360€ | +500.0% | 567€ | 0.3% | 1 | 2,937€ |
| 30 | Star Properties Montenegro02638576 · Real estate | <0.1% | 148,565€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -22,563€ | -15.2% | 1 | 680€ |
| 31 | Vertikal Mont03396177 · Real estate | <0.1% | 131,052€ | -1.5% | -59,441€ | -45.4% | 3 | 810€ |
| 32 | V.I.D.02858037 · Real estate | <0.1% | 128,656€ | -9.9% | 64,361€ | 50.0% | 1 | 1,111€ |
| 33 | Montenegro Assets Management03460100 · Real estate | <0.1% | 125,974€ | -88.9% | -1,047,953€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |
| 34 | Viola HB03664660 · Real estate | <0.1% | 118,702€ | +384.3% | 17,447€ | 14.7% | 3 | 869€ |
| 35 | Duki Komerc02371421 · Real estate | <0.1% | 107,821€ | +24.8% | 3,255€ | 3.0% | 5 | 808€ |
| 36 | Ulazi Budve03236986 · Real estate | <0.1% | 107,427€ | -2.3% | -2,595€ | -2.4% | 5 | 1,516€ |
| 37 | Red Feniks Montenegro02808048 · Real estate | <0.1% | 106,975€ | -30.6% | 10,660€ | 10.0% | 5 | 525€ |
| 38 | Ah Technology02924285 · Real estate | <0.1% | 98,829€ | -35.0% | 35,894€ | 36.3% | 2 | 654€ |
| 39 | Jaz- Mrčevo Polje02976447 · Real estate | <0.1% | 95,317€ | +10.4% | -4,085€ | -4.3% | 5 | 1,323€ |
| 40 | Kayan Assistance03242072 · Real estate | <0.1% | 94,501€ | +34.1% | 66,982€ | 70.9% | 1 | 696€ |
| 41 | One More Group Mne03482448 · Real estate | <0.1% | 93,011€ | -40.7% | -16,801€ | -18.1% | 5 | 759€ |
| 42 | Magic Stars02641232 · Real estate | <0.1% | 87,149€ | -2.5% | -21,412€ | -24.6% | 5 | 800€ |
| 43 | Aits02681064 · Real estate | <0.1% | 83,641€ | -73.3% | 1,997€ | 2.4% | 2 | 893€ |
| 44 | Euromode02982170 · Real estate | <0.1% | 80,696€ | -8.1% | 5,378€ | 6.7% | 1 | 1,294€ |
| 45 | Bijeli Lav03119599 · Real estate | <0.1% | 79,325€ | -8.7% | 8,209€ | 10.3% | 2 | 799€ |
| 46 | Montenegro Shores Property02468999 · Real estate | <0.1% | 78,363€ | +930.4% | 63,735€ | 81.3% | 1 | 450€ |
| 47 | Mbb.Montenegro03727548 · Real estate | <0.1% | 76,063€ | No filing for 2024. | 48,873€ | 64.3% | 1 | 1,351€ |
| 48 | Apl Holdings03613003 · Real estate | <0.1% | 75,905€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 17,415€ | 22.9% | 1 | 1,718€ |
| 49 | JM Grand Group03093158 · Real estate | <0.1% | 71,170€ | -38.2% | -7,542€ | -10.6% | 3 | 1,231€ |
| 50 | Leon Suites03278310 · Real estate | <0.1% | 68,219€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 25,789€ | 37.8% | 1 | 916€ |